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Self Assessment Survival Guide
Self Assessment rarely sits at the top of anyone’s to-do list. Here at Dunkley’s, we know that deadlines creep up, paperwork hides in inboxes and the rules change just enough to raise questions. This guide is here to make the job simpler. It sets out who needs to file, what to gather, how to complete the return and the steps to take to avoid penalties and interest.
IR35 and Off-Payroll Working
Many small businesses rely on specialist contractors for flexibility and skills. That remains a sound approach, but the tax position needs care. The UK’s IR35 and off-payroll working rules govern when a contractor should be taxed like an employee. Here at Dunkley’s, we know that getting this right protects cashflow, avoids interest and penalties, and builds confidence with contractors and agencies.
Preparing For a Business Exit
At Dunkley’s, we know that selling or passing on your business is one of the biggest financial events you will ever face. The decision to step away from a company you have built carries significant cash, tax and lifestyle consequences. With the right groundwork, you can structure the deal to meet your goals, move funds into vehicles that match your risk appetite and leave enough liquidity for life after work.
Residence, Domicile, and Double Tax Relief – What You Need to Know
If you have income, assets, or interests both in the UK and overseas, understanding your residence...
Understanding Private Residence Relief
Selling your home can be both exciting and stressful, especially when it comes to understanding the tax implications. One important benefit available to many homeowners is Private Residence Relief (PRR), which can reduce or eliminate Capital Gains Tax (CGT) on the profit made from selling your main residence. But navigating PRR isn’t always straightforward – factors such as renting out part of your property, periods of absence, or owning multiple homes can all affect how much relief you can claim.
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